Online Mobile Gaming Market is expected to grow at 19.6% CAGR during the forecast period 2018 to 2026

Online Mobile Gaming Market is expected to grow at 19.6% CAGR during the forecast period 2018 to 2026

Published | October 2019

According to BlueWeave
Consulting, The Global Online Mobile Gaming Market is anticipated to grow at a
significant rate during the forecast period. The global online mobile gaming
market was valued at US$ 48.65 Bn in the year 2017 and will be growing at a
CAGR of 19.6% during the forecast period from 2018 to 2026. The global online
mobile gaming market is growing owing to several factors.

As of late, the mobile
gaming industry has seen extraordinary development. This development is, for
the most part, the aftereffect of a consistently expanding base of smartphone
users. Also, an expanding number of customers who are getting into mobile
gaming and picking memberships and making in-application buys is another
noticeable factor driving the development of the global online mobile gaming
market. Developing customer enthusiasm for versatile multiplayer gaming
expected to further push the interest for portable games in the coming years.

Factors, for example,
advancements in mobile technology and the high entrance of cell phones prime
drivers for the online medicinal market. What's more, another significant
driver for internet gaming is the exchange of the betting systems online in
different nations through stages, for example, live gaming. The gaming business
has to a great extent moved from PC gaming to portable gaming in the ongoing
past. Alongside the huge and understood organizations in the gaming, the
autonomous game engineers and the little game new companies have additionally
got a lot of chances and creative methods for tapping the market through the
online portable gaming market. Web based gaming is fundamentally gaming using
system. It might incorporate playing a game in multiplayer mode or with a
solitary player mode as upheld by the stage.

The
console segment holds the largest market share in the global online mobile
gaming market during the forecast period

Mobile gaming is the biggest
segment in 2018, guaranteeing the greater part of all worldwide game incomes
just because. Consolidated, cell phone, and tablet gaming will produce $70.3
billion, representing 51% of the overall worldwide market. The fragment
additionally has the most players with 2.2 billion, most of whom are gaming on
cell phones. The gaming business is in a sound state as both reassure and PC
games are likewise developing. The console is the second-biggest portion with
incomes of $34.6 billion in 2018. This will develop to $39.0 billion out of
2021 with a CAGR (2017-2021) of +4.1%. The general PC section will produce
$32.9 billion out of 2018 and is the third-biggest section. Development in
downloaded/boxed PC games is balanced by declining program PC incomes, as
program gamers have to a great extent changed to portable. Program PC incomes
will keep on declining with a CAGR (2017-2021) of - 16.1% to $2.5 billion of
every 2021.

The
Asia-Pacific region holds a significant share in the global online mobile
gaming market during the forecast period

The Asia-Pacific region will
create $71.4 billion this year, or 52% of complete worldwide game incomes. This
speaks to a +16.8% year-on-year increment. The offer of complete incomes
asserted by the Asia-Pacific locale has expanded somewhat over the previous
years for proceeding with development in cell phone gaming, for which the area
has, by a long shot, the biggest player base.

Global
Online Mobile Gaming Market: Competitive Insight

Different notable key
industry players in the market includes companies like Sony, Apple, Electronic
arts, King, Arkadium, Supercell, Niantic and Miniclip, Tencent, Netease,
Activision Blizzard, among others. The
global mobile online gaming market has seen some of the top scored games in the
Apple store and Android Play store from these companies like Pokémon Go, Clash
of Clans, Hay Day, Honor of Kings, among others.

The in-depth analysis of the
report provides the growth potential, upcoming trends and statistics of global
Online Mobile Gaming market size & forecast. The report promises to provide
state-of-the-art technology of Online Mobile Gaming production and industry
insights which help decision makers to take sound strategic decisions.
Furthermore, the report also analyzes the market drivers and challenges and
competitive analysis of the market.